Access Capital Partners awarded mandate from Bayerische VersorgungsKammer (bvk) for the 5th consecutive time
European Private Assets specialist Access Capital Partners (“Access”) has been awarded, for the fifth consecutive time, a substantial private equity mandate from Bayerische Versorgungskammer (BVK), Germany’s largest pension group under public law.
As a continuation of the first four investment programs, the new allocation aims at building a portfolio of primary funds and secondary investments in European smaller buy-out funds managed by general partners who can demonstrate proactive sourcing capabilities, resulting in a price advantage and lower gearing, as well as clear sustainable growth strategies with a significant buy-and-build-component. Building on Access’ historical commitment to Responsible Investment and its 15 years of ESG integration, the new mandate is classified article 8 under SFDR.
Hendrik Kott, Head of Equity and Alternative Investments at BVK comments: “We are very pleased with the excellent working relationship we have built with the Access team over the last 16 years. Access has become one of our key partners in private equity in Europe, since Access provides us with continuous access to attractive investment opportunities in the less visible parts of the European private equity market, where alignment of interest is the strongest between investors and the smaller businesses they help to grow”.
Agnès Nahum and Philippe Poggioli, Access’ Managing Partners add: “We are thankful for the trust that BVK has placed in our company and its dedication to the European smaller buy-out funds segment. The macroeconomic challenges of recent years have confirmed the strong fundamentals of this segment and the need for a strong selectivity to preserve financial returns. This new mandate will further increase the requirement for sustainability in the investment strategies pursued by underlying funds”.
Bernhard Fink and Thomas Kohlmeyer, Munich-based Partners of Access further explain: “We highly appreciate the renewed endorsement of Access´ European small cap strategy by one of the largest and leading pension funds in Europe. For more than a decade, Access has developed a very good working relationship with BVK and its Alternatives Team and we are looking forward to successfully deploying this additional tranche.
Overall, this renewed mandate enhances our strong position in German speaking markets, where Access and its Munich based team have successfully worked with a large number of institutional clients including insurers, pension funds and Versorgungswerke from the region for over 20 years.”